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Toyota fails to meet 10.1 million output target in FY 2023 amid scandals

Toyota Motor Corp. says its global production in fiscal 2023 grew 9.2 percent from a year earlier to a record 9.97 million vehicles but fell short of its goal of 10.1 million, impacted by rec

United-states , Japan , America , Toyota-motor-corp , Toyota , Toyota-industries-corp , Daihatsu-motor-co , Toyota-motor , North-america , Toyota-industries , Automotive-news

Honda to build new EV plant in Canada as competition intensifies

Honda Motor Co. is planning to build a new electric vehicle factory in Canada as part of efforts to strengthen its production capacity in North America amid intensifying competition, sources familiar with the matter say.

Japan , United-states , Ohio , Canada , America , Canadian , Japanese , Las-vegas , Honda-motor-co , Tesla-inc , Honda , Honda-motor

Hero Motocorp's CTO Arun Jaura steps down, Vikram Kasbekar to take over

Jaura had joined the two-wheeler maker in January 2022 and his last day will be April 30, 2024, the filing said

Vikram-kasbekar , Arun-jaura , Hero-motocorp , Chief-technical-officer-arun-jaura , Ew-cto , Utomaker , Wo-wheeler-maker , Ikram , Run ,

Falling sales: Tesla cuts price of full self-driving software by a third to $8,000 in US

Musk is betting on the technology to become cash cow for the world's most valuable automaker. But he has for years failed to achieve the goal of self-driving capability, with the technology under growing regulatory and legal scrutiny

India , China , United-states , Chinese , Elon-musk , Narendra-modi , Reuters , Full-self-driving , Models-plaid , Prime-minister-narendra-modi , South-asian , Tesla

Chinese Automakers Need More Ships For EV Exports

The popularity of electric vehicles is evident with its demand. Chinese automakers have no problems in exporting EVs globally, but this time, they need a lot of ships for shipment.

Paris , France-general- , France , Vietnam , Republic-of , Taicang , Hebei , China , Suzhou , Jiangsu , Norway , Japan

Toyota holds off response on wage talks after first round, Auto News, ET Auto

Toyota has long served as the pace-setter of Japan's annual spring labour-management wage offensive, and had accepted the union's demand in full on the first day of the annual wage negotiations in the past two years.

Japan , Japanese , Fumio-kishida , Toyota , Federation-of-all-toyota-worker-union , Toyota-motor , All-toyota-worker-union , Minister-fumio-kishida , Utomaker , Ay-hikes , Ustainable-pay-hikes , Ustainable-wage

Ford cuts prices of electric Mustang Mach-E by up to USD 8,100, ET Auto

Ford: The No. 2 U.S. automaker's lowest-price 2023 model year Mach E version now has a suggested retail price of USD 39,895, down from USD 42,995. The higher-end Mach-E GT spec will cost about USD 7,600 less, at USD 52,395. Other versions including the extended-range premium version will drop in price by USD 8,100 to USD 48,895.

Mustang-mach-e , Ford , Ord-price-cut , E-mustang , Ach-e , Lectric-suv , Utomaker , Lectric-vehicle , V-supply-chain ,

Toyota hikes annual profit forecast after Q3 beats expectations, ET Auto

Toyota shares surged after the announcement early losses, and closed 4.8% higher - the biggest one-day gain in nearly eight months. The improved outlook from the world's best-selling automaker contrasts with a downbeat forecast from many rivals that have warned of tepid sales growth and announced output cuts amid high interest rates and slowing demand for electric vehicles.

Toyota , Oichi-miyazaki , Utomaker , Apanese-automaker , Evs , Ybrids , Vs ,

Maruti Suzuki facing some challenges due to Red Sea crisis: Executive, ET Auto

Maruti Suzuki India faces logistical challenges and traffic disruption in the Red Sea, resulting in uncertainty in vessel dispatches and delays in picking up consignments. The recent attacks by Yemen's Houthi militants and retaliatory U.S. strikes have increased tensions in the Middle East, causing companies to reroute shipments and face cost increases. Maruti's prices were already raised earlier this month to pass on higher commodity costs to customers. Despite these challenges, Maruti reported a 33% increase in third-quarter profit, driven by strong demand for its SUVs.

Red-sea , Djibouti-general- , Djibouti , Maruti-suzuki , Suzuki-india , Middle-east , Ata-motors , Ed-sea , Ed-sea-crisis , Utomaker , Ahul-bharti

Maruti Suzuki: Maruti must maximise, Auto News, ET Auto

Maruti Suzuki has to realise that it actually runs two organisations and not one. An 8-product portfolio is big enough for a standalone brand to operate in a market like India. With that portfolio backed by the manufacturing and cost efficiency prowess of a Maruti Suzuki, the organisation should be clocking close to 1 million units annually, given all the variants. The partners recognise that they are underperforming irrespective of market share. It needs to maximise the opportunity it has built for itself in creating two channels of sale. They need to transform into distinct brands with minimal common functions both upstream and downstream. That will be a sure-shot way of effectively marketing 4 million vehicles in the world’s 4th largest 4-wheeler market. And they have very little time to set it right for 2030.

India , Jagdish-khattar , Maruti-suzuki , Sergei-bubka , Maruti-suzuki-nexa , Suzuki , Toyota , Hyundai , Grand-vitara , Uzuki , Exa , Uzuki-nexa